Very interesting article about the Championship clubs finances

That is an interesting article.

Not just Championship, but PL too, I think footballers wages are daft.... but obviously in the PL they have the TV money. (That said, I suppose the problem stems from the crazy amounts global TV rights get sold for now)? Agents/players can argue that they (the players) are the actual commodity, and therefore deserve the money!?
 
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Very interesting. Do you read Fly Me at all? A very experienced accountant, Mike Kelly, analyses the books of the clubs we play - he comes up with gob smacking figures.
Swansea City - despite selling Alfie Mawson, Jordi Amat, Sam Clucas, Frederico Fernandez and of course Daniel James for over £30m they still lost £5.6m last season.
They have one season left of £15m parachute payments and then the income streams have run dry. They were one of the lucky ones? with Premier seasons in the tank.
I think you get a better understanding from the Independent article of just quite why Boro had to stop spending. And start selling.
 
“You’ve got Sheffield Wednesday sponsored by a taxi company that owns no taxis, which just happens to be owned by the owners. You’ve got Derby County paying £700,000 to Tom Ince’s mum as an academy scout because that doesn’t count to FFP.”
Hopefully we got in front of this just in time.
 
Trug said:
I wouldn't be a club owner for all the tea in China

www.independent.co.uk/sport/football/football-league/coronavirus-news-latest-efl-championship-leeds-west-brom-aston-villa-reading-birmingham-wigan-a9454261.html
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Just quoting from that article shows how much **** some of those clubs are in:-

“You’ve got Sheffield Wednesday sponsored by a taxi company that owns no taxis, which just happens to be owned by the owners. You’ve got Derby County paying £700,000 to Tom Ince’s mum as an academy scout because that doesn’t count to FFP.”

(n)
 
Wilf said:
this Cov 19 will mutate
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Dont disagree with your general points, but a mutating Covid-19 isn't necessarily a bad thing. It could end up being less deadly. At least one other strain is known to cause less severe disease. Icelandic researchers have found 40 strains in Iceland alone!
 
It's hardly a surprise. It's been obvious to most for years that wages were killing professional football. Players should be well paid but the amount is staggering.

All clubs should be forced into a a wage cap as it's the only way for sustainability long term. The PL wage cap should be different and higher given the huge difference is revenue.

The game must get to grips with the dodgy business of Football Agents too. I'm sure some are good honest people but that part of the business has helped create the mess.

This whole crisis has proven how the world is on very thin ice. Unless you happen to be rich of course. Government, Associations, Unions and any other body must ensure society is more robust.
 
I like the idea of a salary cap in principle but it has to be world wide otherwise all the good players just leave to whichever league will pay them the most. They've tried to implement a cap in sorts with FFP but that just benefits the biggest clubs. It means that if we were owned by a trillionaire we couldn't just buy our way to the top, it protects the existing big teams. Those teams will never vote to level the playing field in any way.

Salary caps also just end up with the owners making huge profits because they can budget easily. It has no benefits to the fans.

I am a big NFL fan and I like the way the draft works which causes a rotation in who the best teams are and requires long term planning but they are in complete isolation. There is no other competing league. Even in that league the players have the wrong idea. They usually move to whoever offers them the biggest contract. There aren't many players that go to a team to win, they go where the money is and the American public are happy with that situation. Earning the biggest contract is the achievement, not the Superbowl.
 
Robert Nichols said:
Very interesting. Do you read Fly Me at all? A very experienced accountant, Mike Kelly, analyses the books of the clubs we play - he comes up with gob smacking figures.
Swansea City - despite selling Alfie Mawson, Jordi Amat, Sam Clucas, Frederico Fernandez and of course Daniel James for over £30m they still lost £5.6m last season.
They have one season left of £15m parachute payments and then the income streams have run dry. They were one of the lucky ones? with Premier seasons in the tank.
I think you get a better understanding from the Independent article of just quite why Boro had to stop spending. And start selling.
Click to expand...
I think the problem has been that your average fan has just expected some rich bloke who owns the club to pay the bills, and if he‘s not rich enough get someone from overseas who is. It’s been run on a ridiculous basis for years and years.
 
It’s constantly irritated me the line that Gibson must sell and we bring in some other fool to p1ss away even more millions on an unsustainable business model of paying more wages than your income.
 
This is unsustainable as it is, it reminds me of watching "The Big Short" about the financial crash. A few can see it coming and those in the business know it's a mess, and it will all come crashing down like a deck of cards.

Charlie Methven even mentioned "the sitiation is fcucked" on Sunderland till I die, and I don't even think that was related to players wages, it was just that there's zero accountability and he looked completely bewildered.

They need to put a salary cap in, but it needs to be worldwide. Although saying that, every player couldn't go to one country or area, so even if just Europe did it, then it might work. The PFA would have to agree though, or just plan to start the cap in a few years time and stop new contracts going passed that, which don't factor in the cap.
 
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